It may be stating the obvious, but a short-term loan is a short-term loan

Here at Nouveau Finance we do have to regularly make it clear that companies specialising in short-term and payday loans should net be looked upon as a last-resort source of longer term borrowing if you have been turned down by your bank or other lending sources. At Nouveau Finance we work hard to make all those who approach us for a loan aware of the difference between a standard loan and a short-term or payday loan. At Nouveau Finance we don’t deal in longer-term loans to finance the purchase of a car or holiday, our clients here at Nouveau Finance are usually those of you who have a short-term cash flow problem and who are looking for a temporary bail-out measure to tide you over. We do our very best at Nouveau Finance to ensure that nobody makes the mistake of thinking that a loan arranged through Nouveau Finance, or any other short-term loan company, is a loan they can take their time over repaying.

A short-term loan is literally that, a loan intended to be taken over a short period of time. At Nouveau Finance we tend to look at a short-term loan as lasting up to a month, though it can be as short as a couple of days. What is important to us at Nouveau Finance is that anyone taking out a loan arranged through us is aware that it is a temporary measure to help them out during a financial hiccough at home. At Nouveau Finance we will do our best to establish that any borrower understands the nature of the loan they are taking out. Nouveau Finance is keen to gain a reputation for being as helpful as possible and that Nouveau Finance is seen as a loan source that is only interested in lending money to anyone who contacts us.

We do our very best to ensure our clients are able to differentiate clearly between a short-term or payday loan and a standard loan from a bank or building society. Loans through Nouveau Finance are a great way to get you out of a short-term financial pickle, but they are not a solution to a long-term problem. We try to make it clear when asked that a loan through Nouveau Finance will become a very expensive loan if it is not paid off promptly. The payment set-up at Nouveau Finance and other payday loan businesses is such that everything is calculated on a quick turnaround, and at Nouveau Finance we do not deal in mid-term loans, so we only have loan rates based on short-term borrowing.

At Nouveau Finance it is important to us that every client is aware of the full implications of a short-term loan, and also the financial consequences should the loan be late in being settled. It gives us no pleasure at Nouveau Finance to charge extra for a delayed settlement, buy that delay triggers a great deal of administration and financial juggling, which has to be paid for.